XML 38 R27.htm IDEA: XBRL DOCUMENT v3.22.2

Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Information

Summarized financial information for the Company's segments is shown in the following tables. The Company does not evaluate performance or allocate resources based on segment asset data; therefore, such information is not presented.

For the three months ended June 30, 2022 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,302					$	1,663					$	663					$	91					$	3,719
Operating expenses			(778)						(1,075)						(433)						(1,059)						(3,345)
Depreciation and amortization (including purchase accounting amortization)			89						149						87						650						975
Acquisition, integration and other costs			—						—						—						221						221
Asset impairments			—						—						—						29						29
Adjusted EBITDA			$	613					$	737					$	317					$	(68)					$	1,599
Adjusted EBITDA																											$	1,599
Depreciation and amortization																											(347)
Purchase accounting amortization																											(628)
Acquisition, integration and other costs																											(221)
Asset impairments																											(29)
Interest expense, net																											(47)
Other income (expense), net																											30
(Provision) benefit for income taxes																											(77)
Net earnings attributable to noncontrolling interest																											(3)
Net earnings attributable to FIS common stockholders																											$	277
Capital expenditures			$	109					$	118					$	63					$	50					$	340

For the three months ended June 30, 2021 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	1,177					$	1,578					$	630					$	90					$	3,475
Operating expenses			(678)						(1,010)						(422)						(1,002)						(3,112)
Depreciation and amortization (including purchase accounting amortization)			88						152						84						648						972
Acquisition, integration and other costs			—						—						—						185						185
Adjusted EBITDA			$	587					$	720					$	292					$	(79)					$	1,520
Adjusted EBITDA																											$	1,520
Depreciation and amortization																											(297)
Purchase accounting amortization																											(675)
Acquisition, integration and other costs																											(185)
Interest expense, net																											(48)
Other income (expense), net																											324
(Provision) benefit for income taxes																											(302)
Equity method investment earnings (loss)																											5
Net earnings attributable to noncontrolling interest																											(1)
Net earnings attributable to FIS common stockholders																											$	341
Capital expenditures			$	92					$	101					$	56					$	65					$	314

For the six months ended June 30, 2022 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	2,414					$	3,308					$	1,321					$	167					$	7,210
Operating expenses			(1,459)						(2,174)						(872)						(2,174)						(6,679)
Depreciation and amortization (including purchase accounting amortization)			181						300						176						1,331						1,988
Acquisition, integration and other costs			—						—						—						410						410
Asset impairments			—						—						—						87						87
Adjusted EBITDA			$	1,136					$	1,434					$	625					$	(179)					$	3,016
Adjusted EBITDA																											$	3,016
Depreciation and amortization																											(710)
Purchase accounting amortization																											(1,278)
Acquisition, integration and other costs																											(410)
Asset impairments																											(87)
Interest expense																											(90)
Other income (expense), net																											92
(Provision) benefit for income taxes																											(132)
Net earnings attributable to noncontrolling interest																											(4)
Net earnings (loss) attributable to FIS common stockholders																											$	397
Capital expenditures			$	252					$	276					$	147					$	77					$	752

For the six months ended June 30, 2021 (in millions):

															Capital
			Merchant						Banking						Market						Corporate
			Solutions						Solutions						Solutions						and Other						Total
Revenue			$	2,143					$	3,119					$	1,255					$	182					$	6,699
Operating expenses			(1,281)						(2,029)						(841)						(2,085)						(6,236)
Depreciation and amortization (including purchase accounting amortization)			176						297						167						1,284						1,924
Acquisition, integration and other costs			—						—						—						440						440
Adjusted EBITDA			$	1,038					$	1,387					$	581					$	(179)					$	2,827
Adjusted EBITDA																											$	2,827
Depreciation and amortization																											(575)
Purchase accounting amortization																											(1,349)
Acquisition, integration and other costs																											(440)
Interest expense, net																											(122)
Other income (expense), net																											(170)
(Provision) benefit for income taxes																											(205)
Equity method investment earnings (loss)																											6
Net earnings attributable to noncontrolling interest																											(4)
Net earnings attributable to FIS common stockholders																											$	(32)
Capital expenditures (1)			$	196					$	208					$	110					$	99					$	613

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration